Dime Community Bancshares (DCOM) CFO uses stock to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Dime Community Bancshares Senior EVP and Chief Financial Officer Avinash Reddy reported two Form 4 transactions tied to restricted stock vesting. On February 26, 2026 he disposed of 1,353 and 820 common shares at $33.34 per share, with all shares withheld solely to satisfy tax obligations rather than sold in the open market.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Reddy Avinash
Role
SEVP - CHIEF FINANCIAL OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,353 | $33.34 | $45K |
| Tax Withholding | Common Stock | 820 | $33.34 | $27K |
| holding | Preferred Stock, Series A | -- | -- | -- |
Holdings After Transaction:
Common Stock — 46,939 shares (Direct);
Preferred Stock, Series A — 5,730 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did DCOM CFO Avinash Reddy report?
Avinash Reddy reported two dispositions of Dime Community Bancshares common stock. These were not open-market sales but shares withheld by the company to cover tax obligations from vested restricted stock on February 26, 2026.
Were the DCOM insider transactions open-market sales?
No, the DCOM insider transactions were not open-market sales. The Form 4 identifies transaction code F, meaning shares were withheld to pay exercise price or tax liabilities, specifically to cover taxes on vested restricted stock awards.
What security types does Avinash Reddy hold in DCOM after these transactions?
After these transactions, the filing shows Avinash Reddy with direct holdings in Dime Community Bancshares common stock and Preferred Stock, Series A. The preferred stock line is reported as a holding with 5,730 shares directly owned.
What does transaction code F mean in the DCOM Form 4 filing?
Transaction code F means shares were used to pay an exercise price or tax liability. In this Dime Community Bancshares filing, code F reflects withholding of common shares to satisfy tax obligations on restricted stock that vested on February 26, 2026.
Who is the insider involved in this DCOM Form 4 filing?
The insider is Avinash Reddy, Senior Executive Vice President and Chief Financial Officer of Dime Community Bancshares. He is an officer of the company and reported the tax-withholding share dispositions and his direct holdings in common and preferred stock.